v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
Total
Convertible Preferred Stock
Common Class A
Common Class B
Total Figure Technology Solutions, Inc. Stockholders' Equity
Convertible Preferred Stock
Convertible Preferred Stock
Common Stock
Common Stock
Common Class A
Common Stock
Common Class B
Additional Paid-In Capital
Accumulated Deficit
Noncontrolling Interests in Consolidated Subsidiaries
Preferred Stock, Beginning balance (in shares) at Dec. 31, 2022           104,575,110            
Common stock, Beginning balance (in shares) at Dec. 31, 2022             51,035,303          
Beginning balance at Dec. 31, 2022 $ 260,219,000       $ 250,719,000 $ 1,000 $ 1,000     $ 540,540,000 $ (289,823,000) $ 9,500,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Exercise of stock options and warrants (in shares)             582,905          
Exercise of stock options and warrants 1,143,000       1,143,000         1,143,000    
Stock compensation expense 13,450,000       13,450,000         13,450,000    
Net income (loss) $ (52,443,000)       (47,935,000)           (47,935,000) (4,508,000)
Preferred Stock, Ending balance (in shares) at Dec. 31, 2023 104,575,110 104,575,110       104,575,110            
Common stock, Ending balance (in shares) at Dec. 31, 2023 51,618,208           51,618,208          
Ending balance at Dec. 31, 2023 $ 222,423,000       217,070,000 $ 1,000 $ 1,000     555,133,000 (338,065,000) 5,353,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of preferred stock warrants 6,977,000       6,977,000         6,977,000    
Exercise of stock options and warrants (in shares)             545,555          
Exercise of stock options and warrants 867,000       867,000         867,000    
Stock compensation expense 34,526,000       34,526,000         34,526,000    
Dividends & redemptions of subsidiaries (1,312,000)       (1,265,000)         (1,265,000)   (47,000)
Noncontrolling interest investment in subsidiary 290,000                     290,000
Issuance and exchange of equity (in shares)             16,498,104          
Issuance and exchange of equity 1,000       1,000   $ 1,000          
Issuance of Series E preferred stock, net of issuance costs (in shares)           7,325,385            
Issuance of Series E preferred stock, net of issuance costs 71,774,000       71,774,000 $ 1,000       71,773,000    
Net income (loss) 14,026,000       11,738,000           11,738,000 2,288,000
Preferred Stock, Ending balance (in shares) at Sep. 30, 2024           111,900,495            
Common stock, Ending balance (in shares) at Sep. 30, 2024             68,661,867          
Ending balance at Sep. 30, 2024 $ 349,572,000       341,688,000 $ 2,000 $ 2,000     668,011,000 (326,327,000) 7,884,000
Preferred Stock, Beginning balance (in shares) at Dec. 31, 2023 104,575,110 104,575,110       104,575,110            
Common stock, Beginning balance (in shares) at Dec. 31, 2023 51,618,208           51,618,208          
Beginning balance at Dec. 31, 2023 $ 222,423,000       217,070,000 $ 1,000 $ 1,000     555,133,000 (338,065,000) 5,353,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of preferred stock warrants 9,542,000       9,542,000         9,542,000    
Exercise of stock options and warrants (in shares)             1,370,026          
Exercise of stock options and warrants 3,037,000       3,037,000         3,037,000    
Stock compensation expense 38,726,000       38,726,000         38,726,000    
Dividends & redemptions of subsidiaries (1,332,000)       (1,265,000)         (1,265,000)   (67,000)
Noncontrolling interest investment in subsidiary 290,000                     290,000
Issuance and exchange of equity (in shares)             16,498,104          
Issuance and exchange of equity 1,000       1,000   $ 1,000          
Issuance of Series E preferred stock, net of issuance costs (in shares)           7,325,385            
Issuance of Series E preferred stock, net of issuance costs 71,774,000       71,774,000 $ 1,000       71,773,000    
Net income (loss) $ 19,915,000       17,214,000           17,214,000 2,701,000
Preferred Stock, Ending balance (in shares) at Dec. 31, 2024 111,900,495 111,900,495       111,900,495            
Common stock, Ending balance (in shares) at Dec. 31, 2024 69,300,284   0 0     69,300,284 0 0      
Ending balance at Dec. 31, 2024 $ 363,375,000       355,098,000 $ 2,000 $ 2,000 $ 0 $ 0 675,945,000 (320,851,000) 8,277,000
Preferred Stock, Beginning balance (in shares) at Jun. 30, 2024           110,626,501            
Common stock, Beginning balance (in shares) at Jun. 30, 2024             68,479,148          
Beginning balance at Jun. 30, 2024 302,680,000       294,868,000 $ 2,000 $ 2,000     648,530,000 (353,666,000) 7,812,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of preferred stock warrants 2,572,000       2,572,000         2,572,000    
Exercise of stock options and warrants (in shares)             182,719          
Exercise of stock options and warrants 0                      
Stock compensation expense 4,533,000       4,533,000         4,533,000    
Dividends & redemptions of subsidiaries (16,000)                     (16,000)
Issuance of Series E preferred stock, net of issuance costs (in shares)           1,273,994            
Issuance of Series E preferred stock, net of issuance costs 12,376,000       12,376,000         12,376,000    
Net income (loss) 27,427,000       27,339,000           27,339,000 88,000
Preferred Stock, Ending balance (in shares) at Sep. 30, 2024           111,900,495            
Common stock, Ending balance (in shares) at Sep. 30, 2024             68,661,867          
Ending balance at Sep. 30, 2024 $ 349,572,000       341,688,000 $ 2,000 $ 2,000     668,011,000 (326,327,000) 7,884,000
Preferred Stock, Beginning balance (in shares) at Dec. 31, 2024 111,900,495 111,900,495       111,900,495            
Common stock, Beginning balance (in shares) at Dec. 31, 2024 69,300,284   0 0     69,300,284 0 0      
Beginning balance at Dec. 31, 2024 $ 363,375,000       355,098,000 $ 2,000 $ 2,000 $ 0 $ 0 675,945,000 (320,851,000) 8,277,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of preferred stock warrants 7,863,000       7,863,000         7,863,000    
Exercise of stock options and warrants (in shares)           2,010,410 1,006,731          
Exercise of stock options and warrants 8,737,000       8,737,000 $ 1,000       8,736,000    
Stock compensation expense 22,730,000       22,730,000         22,730,000    
Dividends & redemptions of subsidiaries (146,000)                     (146,000)
Noncontrolling interest investment in subsidiary 100,000                     100,000
Settlement of restricted stock units (in shares)               297,171        
Issuance and conversion of common stock in connection with initial public offering, net of offering costs and commissions (in shares)             (70,307,015) 98,538,620        
Issuance and conversion of common stock in connection with initial public offering, net of offering costs and commissions 654,690,000       654,690,000   $ (2,000) $ 10,000   654,682,000    
Conversion of convertible preferred stock to common stock in connection with initial public offering (in shares)           (113,910,905)   113,910,905        
Conversion of convertible preferred stock to common stock in connection with initial public offering 8,000       8,000 $ (3,000)   $ 11,000        
Conversion of Class A Common Stock to Class B Common Stock (in shares)               (37,893,047) 37,893,047      
Conversion of Class A Common Stock to Class B Common Stock 0             $ (4,000) $ 4,000      
Net income (loss) $ 119,203,000       118,698,000           118,698,000 505,000
Preferred Stock, Ending balance (in shares) at Sep. 30, 2025 0 0       0            
Common stock, Ending balance (in shares) at Sep. 30, 2025     174,853,649 37,893,047     0 174,853,649 37,893,047      
Ending balance at Sep. 30, 2025 $ 1,176,560,000       1,167,824,000 $ 0 $ 0 $ 17,000 $ 4,000 1,369,956,000 (202,153,000) 8,736,000
Preferred Stock, Beginning balance (in shares) at Jun. 30, 2025           111,900,495            
Common stock, Beginning balance (in shares) at Jun. 30, 2025             69,939,160 0 0      
Beginning balance at Jun. 30, 2025 404,460,000       395,930,000 $ 2,000 $ 2,000 $ 0 $ 0 687,655,000 (291,729,000) 8,530,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Issuance of preferred stock warrants 2,459,000       2,459,000         2,459,000    
Exercise of stock options and warrants (in shares)           2,010,410 367,855          
Exercise of stock options and warrants 7,692,000       7,692,000 $ 1,000       7,691,000    
Stock compensation expense 17,469,000       17,469,000         17,469,000    
Dividends & redemptions of subsidiaries (40,000)                     (40,000)
Issuance and conversion of common stock in connection with initial public offering, net of offering costs and commissions (in shares)             (70,307,015) 98,538,620        
Issuance and conversion of common stock in connection with initial public offering, net of offering costs and commissions 654,690,000       654,690,000   $ (2,000) $ 10,000   654,682,000    
Conversion of convertible preferred stock to common stock in connection with initial public offering (in shares)           (113,910,905)   113,910,905        
Conversion of convertible preferred stock to common stock in connection with initial public offering 8,000       8,000 $ (3,000)   $ 11,000        
Conversion of Class A Common Stock to Class B Common Stock (in shares)               (37,893,047) 37,893,047      
Conversion of Class A Common Stock to Class B Common Stock 0             $ (4,000) $ 4,000      
Net income (loss) $ 89,822,000       89,576,000           89,576,000 246,000
Preferred Stock, Ending balance (in shares) at Sep. 30, 2025 0 0       0            
Common stock, Ending balance (in shares) at Sep. 30, 2025     174,853,649 37,893,047     0 174,853,649 37,893,047      
Ending balance at Sep. 30, 2025 $ 1,176,560,000       $ 1,167,824,000 $ 0 $ 0 $ 17,000 $ 4,000 $ 1,369,956,000 $ (202,153,000) $ 8,736,000